India · Delayed Price · Currency is INR Amber Enterprises India Earnings Call Transcripts
Fiscal Year 2026
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A new manufacturing collaboration with OPPO covers OPPO, OnePlus, and Realme, targeting 8–9 million units in year one and up to 15 million in year two, with minimal CapEx and an asset-light model. The strategy focuses on progressive value addition and long-term growth in the mobile segment.
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Revenue grew 22% YoY to INR 12,186 crore, with strong expansion in electronics and railways. Margin pressure from commodity and wage inflation is expected to be temporary, with robust growth guidance for all divisions in FY 2027.
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Q3 FY26 saw 38% revenue growth and 53% EBITDA growth, with strong performances across all divisions and significant expansion in electronics and PCB manufacturing. Guidance remains robust for FY26 and FY27, with double-digit margin targets and major CapEx plans supported by government incentives.
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Revenue grew 25% year-over-year in H1 FY26, but Q2 was flat due to a sharp industry decline in room AC. Electronics and railway segments showed strong growth, while margins were pressured by raw material inflation and higher financing costs. Guidance remains robust for all divisions.
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Q1 FY26 saw 44% revenue growth and strong performance across all divisions, with major investments in electronics and industrial automation. Strategic acquisitions and partnerships are set to drive future growth, while margin improvement and robust CapEx plans support a positive long-term outlook.
Fiscal Year 2025
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FY 2025 saw record revenue and profitability, with strong growth across consumer durables and electronics. Major CapEx and JV initiatives are underway, targeting further margin expansion and market share gains, while government incentives will significantly offset investment outlays.
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Q3 FY25 saw 65% revenue growth and a sharp turnaround in profitability, led by strong performances in Consumer Durables and Electronics. Guidance for Electronics was raised to 55% growth, while Railway Subsystems is expected to recover margins by H2 FY26. Major CapEx and JV initiatives are underway to support future expansion.
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Q2 FY25 saw revenue surge 82% year-over-year to INR 1,685 crore, with strong growth in consumer durables and electronics, and PAT turning positive. Strategic expansions and JVs are set to drive future growth, while guidance remains conservative but optimistic.
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Q1 FY25 saw 41% revenue growth and 45% EBITDA growth, with strong performance in Consumer Durables and Electronics, and revised EMS growth guidance to over 45%. Railway and Defense faced project delays, but long-term prospects remain strong. Net working capital days improved and ROCE is set to rise.